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Based on latest QR, MFCB continues lifted higher earnings contributions from its 3 business engines, namely renewable energy, resources divisions & packaging division. From QR prospect, MFCB sounds promising business growth from followings:
1. Hydropower Division:- Company expects that Don Sahong will start construction of the 5th unit before the end of 2021, which contributes higher earnings for the Group.
2. Solar Division:- The 6.4 MW projects is progressively be completed & commissioned over the period from October 2021 to March 2022
3. Packaging Division:- The acquisition of a 75% interest in Stenta Films (Malaysia) Sdn Bhd was completed on 28 July 2021. The consolidation of the earnings of Stenta from Aug’21 is expected to significantly lift the Group’s earnings.
Thanks for the sharing, ST Yong. Will keep an eye on its next QR to check out the contribution from Stenta and its impact to the balance sheet. Seems like the SPA completed back in end of Jul'21 is for 75% equity in Stenta valued at RM153.7M.
I'm not sure how you come to conclusion that consolidation of Stenta's profit will SIGNIFICANTLY lift up their earnings. It was mentioned before that this acquisition will increase EPS by 2.96 cents. And they already mention that resource division profit margin might be under pressured due to heightened freight cost. And 5th turbine profit will only realize after ard 3 years from the start of the project.
Adding to Wang Jehonathan sharing - Emery Oleochemicals acquisition which will be completed by early of next year may put additional stress as Emery group was in net loss for the last 3 fiscal years it seems. The aspiration is to turnaround the loss with the expertise on board in Edenor. The real impact from Emery acquisition will only be known once the acquisition is completed and incorporated into its balance sheet